Munich and Hamburg top the list of investment markets in Europe, according to the latest Emerging Trends in Real Estate Report published by the Urban Land Institute and PricewaterhouseCoopers. They are followed by Istanbul, Zurich, London and Moscow.
Munich and Hamburg top the list of investment markets in Europe, according to the latest Emerging Trends in Real Estate Report published by the Urban Land Institute and PricewaterhouseCoopers. They are followed by Istanbul, Zurich, London and Moscow.
'German markets in general are relatively stronger compared to most other cities in Europe,' the authors write in the executive summary. Development prospects ratings place Istanbul in first place followed by Zurich, Munich and Moscow. Moscow is rated as the riskiest city, followed closely by Dublin and Madrid.
Retail emerges as the leading major property sector, followed by hotels, mixed use, rental apartments, office' industrial/distribution, and residential for sale. Yields for prime property will weather the storm better than secondary- and tertiary-quality real estate, the report concluded.
